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South Africa’s petro-chemical giant Sasol signs three renewable energy agreements
Petroleum giant Sasol has just signed three power purchase deals or agreements for the supply of renewable energy. Sasol is in pursuit of reducing its greenhouse emissions by at least 30% by the year 2030 as per a statement from the company. It has come to the attention of this website that, the petrochemical company
Sale of South Africa’s budget airline Mango hits a snag as potential buyers walk away
BusinessTech Africa has just found out that Mango Airlines could be in trouble after its business rescue practitioner (BRP) warned that the group may have to abandon its rescue plan and start winding down proceedings. In the 14th business rescue attempt for the group, the BRP said that a sudden turn of events had clouded the
Standard Bank chairperson urges African governments to work with the private sector
South African banking giant Standard Bank has called on many African governments to take a step back and allow the private sector to lead the economy. This sentiment was made by Standard Bank chairperson Nonkululeko Nyembezi as she recently spoke at the World Economic Forum in Switzerland. Nyembezi argued that African governments should get out
Vodacom’s 45 000km 2Africa sub-sea cable has arrived in Gqeberha
Vodacom has announced that its 2Africa sub-sea cable has arrived at the company’s network facility in Gqeberha, Eastern Cape. The arrival of the cable marks the third landing on the coast of South Africa of the world’s largest submarine cable system. It is reported that the first submarine cable landing in the Eastern Cape region, for which Vodacom
Finance Minister Enoch Godongwana reveals plans for a state housing bank
Another announcement from the South African government and finance minister Enoch Godongwana is that the national government is looking at launching a housing bank. The state bank will provide loans to the public sector employees and the gap market as he announced in an interview with CNBC Africa at the World Economic Forum’s annual meeting
FNB bags Digital Mobile Virtual Network Operator of the Year award
For its mobile network offering, South African banker FNB has scooped the “Digital MVNO (Mobile Virtual Network Operator) of the Year” award as a joint winner. FNB was recognised at the global MVNO Awards and the winners were revealed at the MVNOs World Congress 2022. The accolade is a glowing endorsement of FNB Connect, which
President Cyril Ramaphosa asks Eskom to hold the tariff hike granted by Nersa
President Cyril Ramaphosa has announced that he had asked Eskom not to implement the power tariff increase of 18.65% granted by Nersa earlier this month. Ramaphosa was delivering his closing address at the African National Congress (ANC)'s Free State conference in Mangaung and admitted that local businesses and households were battling. "I have personally said
Anglo American denies any wrongdoing regarding poisoning accusations in Zambia
Mining giant Anglo American South Africa has reacted to the claims that it turned a blind eye to lead poisoning in Zambia. Anglo American argues that an attempt is made to ensure the mining company is held responsible for what it did not do in the mining town of Kabwe. The ongoing case, a hearing
Johannesburg City Power decries vandalism as it runs out of mini-substations
Johannesburg power supplier, City Power says it is unable to maintain its high demand for electricity due to infrastructure vandalism. City Power announced that it cannot keep up with the high demand for mini-substations owing to the higher stages of load shedding, and is losing an average of two mini-substations a day owing to theft
Mr price announces plans to dump Eskom and look for alternative power sources
Durban-based household and clothing store Mr Price is planning to roll out backup power to all its stores by the end of March 2023. The group’s chairman Nigel Payne has since labelled the ongoing energy crisis as untenable as Eskom continues to implement load shedding. Mr Price also announced that it is on track to
Heineken’s acquisition of South Africa’s Distell will see a new brewery for KwaZulu-Natal
Dutch beer maker Heineken’s acquisition of South African beverage producer Distell is set to see the company investing R5.5 billion into the economy. According to the information landing through to BusinessTech Africa, is that the Competition Tribunal has heard that Heineken and Distell’s merger will boost the local economy. This comes as the Tribunal started
South Africa has a new wine body to cater for producers and trade interests
The South African wine industry is expected to have a new central body, SA Wine NPC, and the body will represent the producer and trade interests. The body will be introduced in June 2023 and that is according to media reports coming through to BusinessTech Africa. The introduction of a new body comes amid concerns
US technology giant Microsoft to cut 11 000 jobs in the United Kingdom
United States-based technology giant Microsoft is set to cut thousands of jobs if media reports are anything to go by. BusinessTech Africa understands that Microsoft workers in the United Kingdom could find themselves without jobs in the near future. Established by American businessman and author, Bill Gates, the company specialises in software for computers, laptops,
As South Africans demand answers, Ramaphosa convenes a special meeting on load shedding
President Cyril Ramaphosa will convene a special meeting of the President's Coordinating Council (PCC) on Friday to address South Africa's ongoing energy crisis. Since the beginning of the year, the country has been subjected to nonstop load shedding, with rolling blackouts reaching level 6 for over a week. Load shedding is currently alternating between stages
DStv's approach to competing with Netflix and Disney+
MultiChoice CEO Calvo Mawela stated that the company is marketing itself as the "home of local and sport" as a difference in the streaming industry. Mawela spoke with Fifi Peters of CNBC Africa during the World Economic Forum's annual gathering in Davos. Streaming services such as Netflix, Disney+, and Apple TV+ are increasing their competition
Microsoft and Meta support Google in the event that it could change the Internet
In a flurry of court arguments filed Thursday in a Supreme Court lawsuit that may radically change the way the Internet operates, Meta Platforms Inc., Microsoft Corp., Twitter Inc., and other internet giants flocked to Google's defence. The internet industry is encouraging the Supreme Court to tread lightly in Gonzalez v. Google, a case centred
Twitter is being sued by unpaid specialists recruited for the legal battle against Elon Musk
Twitter Inc. has been sued by a consulting business that claims it is owed around $2 million for services related to its lawsuit to compel Elon Musk to finish his takeover of the social media platform. Charles River Associates filed a lawsuit against Twitter in state court in Boston on Thursday. The firm stated that
Netflix co-founder resigns as CEO
Reed Hastings, co-founder of Netflix Inc., is stepping down as CEO of the firm he has headed for more than two decades, handing the post to his two close allies, Ted Sarandos and Greg Peters. Sarandos, who was previously co-CEO, is the company's public face in Hollywood, while Peters, who was formerly chief operating officer,
CLASS OF 2022: Free State tops the charts with 88.5% pass rate
The wait is finally over as the Minister of Basic Education Angie Motshekga announced the Matric results for the academic year of 2022. Motshekga’s department hosted the media and provincial MEC’s including the learners in Johannesburg on Thursday evening as she announced the results. Topping the list is the Free State province which scored an
From View Counts to Verification Here’s Every Twitter Change Under Elon Musk
Since Elon Musk purchased Twitter in October, the social media network has made several changes to the user experience, including a revamp of the authentication process and a focus on "free speech." Elon Musk has made a number of modifications to Twitter since his widely publicised — and contentious — acquisition of the network in